Some weekend press worth reading

Written November 30, 2008 at 10:38 AM EST by  

Early Data shows strong Black Friday shopping – AP
http://apnews.myway.com//article/20081130/D94P8GM85.html
Analysis: The days ahead will be the test this year

Auto Dealerships Teeter as Big Three Decline :New York Times
http://www.nytimes.com/2008/11/30/business/30dealer.html?_r=1&hp
Analysis: Auto sales are reported this week.  They are expected to be very weak.

OPEC, Struggling to Move in Concert, Considers Cutting Output : New York Times
http://www.nytimes.com/2008/11/30/business/worldbusiness/30opec.html?ref=business
Analysis: The cartel is finding trust more difficult in these times.  As a result, oil should continue to be pressured as demand slows.

Next cut may be deepest for OCR – New Zealand Herald
http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=10545842
Analysis: The concensus is rates still have room to fall.  Market is debating 100 or 150 basis points.

Another big interest rate cut is on the way – The Australian
http://www.theaustralian.news.com.au/business/story/0,28124,24730327-643,00.html
Analysis: The RBA does not have another scheduled meeting until February. 

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